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Flats at Greentree Apartments
For Sale
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1632 Greentree Blvd, Clarksville, IN 47129

Stabilized multifamily property in Clarksville, Indiana with recent renovations.

Property SizeContact for details
Days on Market631

Property Features for 1632 Greentree Blvd

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1969
Listing Agency: Hoagland Commercial Realtors
Listed By: Brooks Hower · License #KY 72257
Source: Crexi
Added: Nov 12, 2024 Changed: Jul 6 Last Checked: Aug 4 at 12:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoagland Commercial Realtors

Investment Insights

Based on property information with market context.

The Flats at Greentree Apartment Homes, located in Clarksville, Indiana, are available for sale. This multifamily property features thirty-one 1-bedroom units and one 2-bedroom unit. The property has undergone significant operational and physical improvements. On-site amenities include a coin laundry facility with new machines installed in August 2023. All units and tenants have been updated within the past eighteen months. Three out of four hot water heaters were replaced in 2024, with the remaining one replaced in 2022. Exterior capital improvements over the past couple of years include new windows and exterior doors on all buildings, new parking lot paving and striping, new exterior paint, and new roofs installed in 2020.

Key Highlights

  • Stabilized multifamily property in a desirable, growing submarket.
  • Recently underwent drastic operational and physical overhaul.
  • All units and tenants turned over within the past 18 months.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

648
Businesses Nearby

Demographics for 47129, IN

19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,056
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Stabilized multifamily property in Clarksville, Indiana with recent renovations.
Where is this apartment building located?
The property is located at 1632 Greentree Blvd Clarksville, IN.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Stabilized multifamily property in a desirable, growing submarket.; Recently underwent drastic operational and physical overhaul.; All units and tenants turned over within the past 18 months.
(502) 897-3310 Call to check price and availability
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